Is there a minimum income required to purchase or rent an MPDU?

The program guidelines do not specify a minimum income, but you should be able to qualify for a mortgage that is at least the price of the house. This is because house prices normally require at least that amount of income to make the payment requirements. If a person has sufficient assets to use for a down payment, that would reduce the mortgage.

To qualify to rent your income should be at least $40,000 a year. You may also use any government subsidy.

Show All Answers

1. What is an MPDU?
2. What do you mean by moderately priced housing - is this low income housing?
3. Is this a subsidized housing program?
4. Who qualifies?
5. How do I know if I live in the City of Annapolis
6. Is there a minimum income required to purchase or rent an MPDU?
7. Where can I get an application for the MPDU Program?
8. What must I include with the application?
9. Will you perform a credit check?
10. I do not have a job can I still apply?
11. If I am self-employed, what will you accept in the place of a pay stub?
12. I lost last year's tax return - do you really need it?
13. My last tax return shows more income than I now make. Will this affect my eligibility for the program?
14. I do not receive a paycheck stub. What can I submit instead?
15. When may I apply for a certificate?
16. After a person submits an application for a Certificate of Eligibility, about how long does it take to receive the certificate?
17. How long is a certificate valid? When a certificate expires, can it be renewed?
18. How long do you keep my file?
19. What types of units are available through the MPDU program?
20. Once a Certificate of Eligibility is issued, then what happens?
21. What if I do not want to buy or rent the unit that is offered to me by a builder?
22. If I purchase or rent an MPDU, can I rent it to someone else?
23. Can I come into your office to get more information?